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Hershey Is A Sweet Stock Pick, BofA Says In Bullish Turn
Wednesday, January 6, 2021 - 12:19pm | 357Read More...Snack and food company Hershey Co (NYSE: HSY) has multiple catalysts ahead that would justify multiple expansion in 2021 and beyond, according to BofA Securities. The Analyst: Bryan Spillane upgraded Hershey's from Neutral to Buy with a price target lifted from $156 to $168. The...
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RBC Higlights Valuation Concerns In Coca-Cola, PepsiCo Downgrades
Monday, January 4, 2021 - 12:36pm | 481Read More...The bullish case for beverage giants Coca-Cola Co (NYSE: KO) and PepsiCo, Inc. (NASDAQ: PEP) has come to an end at RBC, mostly due to valuation concerns. The Analyst: Nik Modi downgraded Coca-Cola's stock from Outperform to Sector Perform with an unchanged $55 price target. The analyst...
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Popeyes Takes Louisiana Roots Nationwide With Beignets Launch
Monday, December 14, 2020 - 4:10pm | 325Read More...Beignets are a staple food item in Louisiana, so it's only natural for Popeyes Louisiana Kitchen to bring the pastry to stores nationwide, CNBC reported. What Happened: The Restaurant Brands International Inc (NYSE: QSR) brand is counting on new dessert options to help drive traffic. Beignets...
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A Look At Mars' Latest Acquisition: Kind Bars
Wednesday, November 18, 2020 - 12:15pm | 421Read More...Global candy giant Mars has reached a deal to acquire another private food company, Kind, at a reported $5-billion valuation, according to Forbes. What Happened: Mars is best-known for its lineup of candy and chocolate. Kind is a maker of healthy snack bars. Kind was founded by Daniel Lubetzky...
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Mondelez CEO: Oreo Parent Company Can Sustain 3% Topline Growth
Wednesday, November 4, 2020 - 12:18pm | 393Read More...Snack and food maker Mondelez International Inc (NASDAQ: MDLZ) should be able to sustain a topline growth rate of at least 3% moving forward, CEO Dirk Van de Put said Tuesday on "Bloomberg Markets: European Close." Growth Outlook: Mondelez's business has exposure to both at-home...
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PepsiCo Beats Q3 Estimates: What Investors Need To Know
Thursday, October 1, 2020 - 10:53am | 500Read More...Beverage and snack giant PepsiCo, Inc. (NASDAQ: PEP) reported third-quarter results that came in better than expected. Pepsi Earnings Recap: PepsiCo said it earned $1.66 per share in the third quarter on revenue of $18.09 billion against Street expectations of $1.49 per share and revenue of $...
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BMO Has A Sweeter Tooth For Hershey
Tuesday, September 29, 2020 - 10:42am | 306Read More...Hershey Co (NYSE: HSY) deserves credit for its vision and focus on brand investment, pricing, data analytics, and other initiatives that will position it to grow earnings in 2021, according to BMO. The Hershey Analyst: Kenneth Zaslow upgrades Hershey's stock to Outperform with a price target lifted...
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After Campbell's Falls On Q4 Results, CEO Tells Investors To Think Long-Term
Friday, September 4, 2020 - 11:46am | 371Read More...Campbell Soup Company (NYSE: CPB) CEO Mark Clouse has a message to investors after the stock sold off following the company's fourth-quarter report: overlook the "here and now" story in favor of the long-term narrative. What Happened: Campbell reported Thursday with fourth-...
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PepsiCo Wants To Ship Beverages, Snacks To Your Home
Tuesday, May 12, 2020 - 2:15pm | 368Read More...Beverage and snack giant PepsiCo, Inc. (NASDAQ: PEP) announced Tuesday the launch of two direct-to-consumer portals, PantryShop.com and Snacks.com. DTC Site Offers Brands Like Gatorade, Tropicana PepsiCo has spent the past few years working to become a "faster, stronger, better company...
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Mondelez CEO Says Consumers Are Clearly Snacking More
Wednesday, April 29, 2020 - 3:26pm | 415Read More...Oreo's parent company Mondelez International Inc's (NASDAQ: MDLZ) conversations with consumers in the U.S. and Europe show that 50% "are clearly indicating they are snacking more," CEO Dirk Van De Put said Tuesda on CNBC's "Closing Bell." Mondelez Sees Continued...
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Nestle CEO Says Snack Foods 'Just As Important As Essential Nutrients'
Thursday, April 2, 2020 - 8:05am | 371Read More...Global food behemoth Nestle (OTC: NSRGY) is "scrambling to meet demand" to keep the world fed, but doesn't want to take much credit, as "this is our main purpose at this hour," CEO Mark Schneider said Wednesday during a "Mad Money" interview with Jim Cramer....
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Mondelez CEO Talks Global Food Demand And More
Thursday, March 26, 2020 - 3:40pm | 351Read More...The coronavirus pandemic continues to evolve but for the time being, all of Mondelez International Inc's (NASDAQ: MDLZ) plants are operational, CEO Dirk van de Put said Wednesday's on CNBC's "Closing Bell." Every day brings some form of a new challenge to Mondelez's...
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Hershey Analyst Turns Bullish As Retail Sales Rise
Wednesday, March 25, 2020 - 11:02am | 412Read More...Piper Sandler's prior cautious stance on Hershey Co (NYSE: HSY) was based on valuation concerns, and the stock's 24% decline since March now supports a bullish tone, the sell-side firm said this week. The Hershey Analyst Michael Lavery upgraded Hershey Company from Underweight to...
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Mondelez's Latest Acquisition Adds New Exposure To In-Store Bakery Channel
Thursday, February 27, 2020 - 12:59pm | 334Read More...Global food and snacking giant Mondelez International Inc (NASDAQ: MDLZ) reached an agreement on Tuesday to acquire a significant majority stake in Canada's Give & Go. What Happened Give & Go is a leader in the fully-finished sweet baked goods category, most famous for its "two-...
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Your Inner Child Will Be Happy To Know Dunkaroos Are Coming Back
Tuesday, February 4, 2020 - 11:42am | 205Read More...Remember Dunkaroos? The quintessential 1990s snack where you dip a bite-size cookie in frosting? You should be happy to know that General Mills, Inc. (NYSE: GIS) is re-launching the line this summer. Dunkaroo's First Run General Mills first launched Dunkaroos in 1992, the snack was...
